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Report to assess Bulgaria's progress towards Eurozone's "waiting room"

Photo: @VDombrovskis

At the beginning of 2019, a report on the progress of Bulgaria on the road to the euro-zone waiting room - the ERM II Currency Mechanism, will be prepared. This was said by EC Vice president Valdis Dombrovskis in Brussels, where the 20th anniversary of the single European currency was celebrated.

He pointed out that Bulgaria was currently implementing the roadmap agreed in July, which places 6 conditions for the country to join the ERMII mechanism. The Commissioner said that Bulgaria has marked the biggest progress in the process, followed by Croatia. At the beginning of 2019, reviewing the assets of six leading banks in Bulgaria will take place. This is mandatory before the European Central Bank takes over the direct supervision of part of the Bulgarian banking system.




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